Antero Resources

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Denver, Colorado-based Antero Resources is an unconventional natural gas exploration and production (E&P) company. It has been active in both tight sands and fractured shales exploration.

Antero was reported in September, 2008 as having purchased a one third working interest of the approximately 600,000 to 800,000 acres of Marcellus shale drilling rights owned by Dominion Resources. This acreage is mainly located in western Pennsylvania and West Virginia.

A further report in late September indicated that Antero's drilling rights had been scaled back to 114,259 acres due to financing issues. The deal with Dominion closed September 30, 2008. The latter retains a 7.5% royalty on all wells drilled on the acreage by Antero.

Antero will also be the anchor tenant of Dominion's proposed Keystone Pipeline.

According to the company web site, as accessed in late June, 2009, Antero had recently drilled and completed two Marcellus Shale wells and drilling was still underway on two others. All of these wells had been on its acreage in West Virginia. Initial gas sales were scheduled to begin in July. Antero planned to build its own gathering system and compression facilities for the West Virginia wells.